CNF Inc. CEO to Retire Effective July 6, 2004.Business Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Feb. 18, 2004 Gregory L. Quesnel, president and chief executive officer of CNF CNF Configuration (File Name Extension) CNF Conference CNF Conjunctive Normal Form CNF Could Not Find CNF Chin National Front (Burma) CNF Canadian Nature Federation CNF Cornell NanoScale Facility Inc. (NYSE NYSE See: New York Stock Exchange :CNF), announced Wednesday his decision to retire after 29 years with the company. He will be resigning his executive positions and board of directors membership effective July 6, 2004. Dr. W. Keith Kennedy, chairman of the CNF board, commended Quesnel, saying, "We thank Greg for his leadership and many contributions during his 29 years of service and dedication to the company. We wish him the very best in retirement." Quesnel was named CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. in 1998 a year after being elected president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Prior to that he served six years as chief financial officer. He joined the company in 1975 in Portland, Ore. as director of financial accounting and was later promoted to executive positions in strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and corporate finance and treasury operations. The board announced it would begin a search for a successor and that it intends to consider both internal and external candidates. The board also elected Peter W. Stott of Portland, Ore. and Chelsea "Chip" White III of Atlanta, Ga., as new directors, effective immediately. Stott is president and chief executive officer of Crown Pacific, an integrated forest products company. He also serves on the board of directors of Liberty Northwest Insurance Company and was the founder and chairman of Market Transport Ltd, an Oregon trucking and logistics company. White, who holds a doctorate in computer, information and control engineering, is chair of transportation and logistics at the Georgia Institute of Technology Georgia Institute of Technology, in Atlanta, Ga.; coeducational; state supported; chartered 1885, opened 1888. It is a member school in the university system of Georgia. Significant among its facilities and programs are the Frank H. , where he serves as director of the Trucking Industry Program and executive director of The Logistics Institute. CNF Inc. is a $5.1 billion management company of global supply chain services with businesses in regional trucking, air freight, ocean freight, customs brokerage, global logistics management and trailer manufacturing. |
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